Clayton ("Innovator's Dilemma") Christensen famously predicted that the iPhone would fail. Where did his theory of disruptive innovation fall short? Horace Dediu, now a senior fellow at the Christensen's institute, is working on the answer, using Apple as the exception that proves a broader, more encompassing rule.

In his first broadcast interview since he joined the other side -- as co-founder of a Minneapolis-based VC fund called Loup Ventures -- the media’s favorite Apple analyst reveals, among other things, where he got the cockamamie idea that Apple would sell a TV set by 2011, 2012,… 2016.